As Contract Losses Hit Modivcare, Its Leaders Look Toward Home Care For Growth

Though Modivcare Inc. (Nasdaq: MODV) achieved some wins last year, the company is still trying to navigate headwinds stemming from contract losses. “The root causes of these contract losses include a few MCO clients not securing their state contracts, a state health department’s decision to transition to a full broker model – favoring an incumbent […]

No Empty Promises: How Home-Based Care Providers Actually Plan To Use AI

Artificial intelligence is likely to be a society- and business-altering technological development. But, just like the advent of the internet before it, AI’s emergence will undoubtedly lead to as many empty promises from business leaders as it does actual use cases. That’ll particularly be the case in the early innings of AI, which I believe […]

Projecting The Most Impactful Home-Based Care M&A In Near-Term Future

Over the next 12-18 months, the mergers and acquisitions that do or do not take place in home-based care will tell a story worth listening to about the future of the space. The context has become monotonous to tell at this point: high interest rates are affecting dealmaking across the country; Medicare Advantage (MA) penetration […]

Unlocking Growth: Right at Home Targets 300 Untapped Territories

Despite an already-large U.S. footprint, the home care franchise Right at Home is still looking to grow. It did so last year, and plans on planting more flags in 2024. In 2023, Right at Home closed the year with 24 signings and 17 openings. The company attributes that growth to its strong lead generation and […]

Home Instead Set To Hit Gas Pedal On Recruitment Efforts

After finding that one in five Americans saw a notable decline in an aging family member’s well-being during the holidays, Home Instead has announced that it’s looking to hire 30,000 care professionals nationwide. It is common for Home Instead to see a spike in care service inquiries soon after the holidays, according to Lakelyn Hogan […]

States Struggle With Assessing Outcomes Of ARPA-Funded HCBS Programs, New Brief Finds

States with home- and community-based services (HCBS) providers are facing an uphill battle when it comes to implementing service offerings and evaluating the success of their programs linked to the federal funds from the American Rescue Plan Act (ARPA). That’s according to a new brief that explores how states are assessing the outcomes of their […]

For Home Care Providers Still Invested In Medicare Advantage Business, Patience Is Wearing Thin

Around 2019, Medicare Advantage (MA) was all the rave among home care providers. That’s because, in 2018 and 2019, two pathways opened for MA plans to provide more benefits to beneficiaries: the primarily health-related benefit pathway and the Special Supplemental Benefits for the Chronically Ill (SSBCI) pathway. Included in those were plenty of areas of […]